Deutsche Bank analyst Steve Powers lowered the firm’s price target on Molson Coors to $47 from $48 and keeps a Sell rating on the shares. The analyst sees increasing risk of economic headwinds building for the consumer staples sector. This makes the firm more concerned about forward company fundamental risk for much of its coverage.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TAP:
- Unusual call flow in option market yesterday
- Second day of heavy call volume in Molson Coors for second day
- Molson Coors activism risk factor notice a ‘strange twist,’ says Gordon Haskett
- Molson Coors creates centralized commercial function in Americas business unit
- Molson Coors told to stop comparing competitors’ beer to water, WSJ reports